Farmland Partners Q3 2024 FFO $0.03 Beats $0.01 Estimate, Sales $13.317M Beat $11.928M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmland Partners (NYSE:FPI) reported Q3 2024 earnings of $0.03 per share, surpassing the $0.01 estimate by 200%. Sales reached $13.317M, exceeding the $11.928M estimate by 11.64% and marking a 14.63% increase from the previous year.
October 30, 2024 | 8:38 pm
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Farmland Partners reported Q3 2024 earnings of $0.03 per share, beating the $0.01 estimate by 200%. Sales were $13.317M, surpassing the $11.928M estimate by 11.64% and increasing 14.63% from last year.
The significant beat on both earnings per share and sales compared to analyst estimates is likely to positively impact FPI's stock price in the short term. The 200% beat on EPS and 11.64% beat on sales estimates, along with a 14.63% year-over-year sales increase, indicate strong financial performance.
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